CFP Board Names New D&I Director
The Certified Financial Planner Board of Standards Inc. (CFP Board) has named Dawn Harris as its director of diversity and inclusion (D&I) for the Center for Financial Planning.
In this newly created position, Harris will be responsible for advancing diversity and inclusion programs and growing the number of diverse CFP professionals within the financial planning profession.
“CFP Board and the center are committed to advancing a culture of diversity and inclusion throughout the financial planning workforce,” says
CFP Board CEO Kevin R. Keller. “Dawn brings experience and skills that will strengthen our D&I strategic objectives and programs that help drive a more diverse financial profession.”
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According to the report, only 35% of the domestic equity funds that ranked in the top half among peers for their performance from June 2015 to June 2016 were able to replicate that accomplishment in the following year, and just 16% did so annually through June 2020.
That’s not an anomaly: S&P Global’s reports from previous years all had similar if not worse results. For example, only 32% of the top-half funds from September 2012 to September 2013 did it again in the next year, and less than 4% managed to stay in the cohort annually through September 2017.
Statistically speaking, the odds that a random fund could remain in the top half for four consecutive years is 6.25% meaning an outperforming fund sometimes has a smaller chance of achieving future success than a random one.